• Global Investors Meet (GIM) will be organised from Nov 2nd- 4th November 2022 at Bengaluru Palace grounds
• Karnataka, a land of opportunities – aims to attract more investments and job creation, said Karnataka Minister for Large & Medium Industries Dr. Murugesh R. Nirani
• CM to invite PM Modi for the Invest Karnataka 2022
Bengaluru, NFAPost: Chief Minister Basavaraj Bommai announced the launch of the three-day Global Investor Meet – Invest Karnataka 2022, a flagship investor event for the state of Karnataka.
The launch event was organised by the Department of Industries and Commerce. As part of the Karnataka Government’s initiatives to attract investments from across the world, a three-day Global Investors’ Meet (GIM) would be held in Bengaluru from 2nd – 4th November 2022.
Launching the theme of the GIM 2022, “Build for the World”, Karnataka Chief Minister B S Basavaraj Bommai said investors have always believed in Karnataka and created the capability for the state to host a Global Investors Meet.
“The post covid economic growth is the right time to invest in Bengaluru which is not only an IT, BT hub but also a financial hub,” said Karnataka Chief Minister B S Basavaraj Bommai.
The Karnataka Chief Minister encouraged the Large and Medium Industries Minister to bring in a broad-spectrum and holistic investment across sectors – semiconductors, electronics, defence, aerospace, energy, biotechnology, IT, manufacturing, MSMEs, cottage industries. Investments that percolate down the economy.
He urged to not only sign MOUs but to materialize projects from genuine investors and showcase them at the GIM. “I want action before the Global Investors Meet. I want genuine, less number of investors and I want true work, credible investors; if it is going to happen let it happen,” said the Chief Minister.
Basavaraj Bommai called on the industrialists to be the leaders of change by investing in Karnataka. The aim is to envision a New Karnataka for New India – creating new 21st century industrial townships and corridors.
Unveiling the new logo of Invest Karnataka on the occasion, Karnataka Minister for Large & Medium Scale Industries Dr Murugesh Nirani said the Ministry is delighted to officially announce the much-anticipated GIM 2022.
“The purpose of the GIM is to showcase the robust industrial-friendly ecosystem of Karnataka, attract huge investments from global players, and spread industrialization across Karnataka. We have acquired sufficient land banks for the investors who would want to invest in the state,” said Karnataka Minister for Large & Medium Scale Industries Dr Murugesh Nirani.
He also pointed out that the Chief Minister has presented a people-friendly budget that is a game-changer. “The state is home to 400+ R& D centers, 85+ chip design houses, and is a key player in the supply chain for the global markets,” said Karnataka Minister for Large & Medium Scale Industries Dr Murugesh Nirani.
The Minister called upon the industrial fraternity to uphold Karnataka in the No1, position.
Apart from creating favorable cost economics for the companies to invest in the state, the Government of Karnataka is working on providing a complete ecosystem to its investors Dr. Nirani reiterated.
Karnataka has emerged as a top investment destination in the country for the last two years in a row.The state has attracted Rs 62,085 crore investments and is a top recipient with 48% share of total FDIs in India.
The State has emerged as a frontrunner in global manufacturing with and we are focusing on human resources, production of rich raw materials, manufacturing expertise, product design capabilities and R&D to meet the demands of the global manufacturing segment.
This edition of the GIM will be under the theme “Build for the World” reflecting on the role Karnataka aims to play in the global supply chain.
Karnataka Industrial Development Commissioner and Department of Industries & Commerce Director Gunjan Krishna said through this Global Investor Meet, Karnataka will continue to engage with the global community by bringing together business and thought leaders from a multitude of areas and sectors.
“Given the ever-evolving nature of the world we are living in, the key topics to be addressed during the event will revolve around the sub-themes of innovation, sustainability, equity, and resilience. We not only commit to setting Karnataka’s development agenda in line with global best practices but also showcase our strong ability to “Build for the World”,” said Karnataka Industrial Development Commissioner and Department of Industries & Commerce Director Gunjan Krishna.
The Department of Industries has started making preparations. Soon, it will start a series of events, including roadshows in different countries, to attract potential investors.
The 3-day event – Invest Karnataka 2022, will comprise of plenary sessions, panel discussions, multiple networking opportunities.
• 50+ business, political, thought leaders to feature covering themes and sectors that are crucial to Karnataka’s growth story
• 5000+ senior delegates across sectors including Manufacturing, Infrastructure, IT, Energy, Education, Tourism etc.
• B2B and B2G meetings with stakeholders will be held to facilitate investments in Karnataka.
• Roadshows planned in key cities and abroad to drive investments.
Karnataka last hosted a GIM in 2016, which concluded with 1,201 approved projects and MoUs valued at Rs 3,08,810 crore.
Karnataka Minister for Small Scale Industries and Municipal Administration M.T.B. Nagaraj, Karnataka Chief Secretary Ravi Kumar, Karnataka Additional Chief Secretary Vandita Sharma, Department of Commerce and Industries Additional Chief Secretary Dr. E V Ramana Reddy and Invest Karnataka Forum Chief Operating Officer Shiva Kumar were present at the function.